IBEW, NECA Create Fund for Upgrades and Retrofits

IBEWThe International Brotherhood of Electrical Workers (IBEW) and the Los Angeles Chapter of the National Electrical Contractors Association has created the $300 million Clean Energy Fund. The fund, which will be available to the two groups’ members through ReNewAll and Tritec Americas, will finance energy efficiency, renewable energy and energy storage upgrades and retrofits for commercial buildings, shopping centgers, industrial facilities, multi-family housing, churches and lodges, according to ReNewAll.

ReNewAll has originated more than $35 million for NECA contractors in Southern California. Recently, a project involving it, NECA and IBEW members retrofit the Hilton Los Angeles/Universal City. Energy, material and maintenance savings of $800,000 was realized in the project, according to ReNewAll.

The Rocky Mountain Institute, in a piece published at Clean Technica, discussed Federal agencies’ involvement in energy retrofits. Three pieces of legislation this year — Executive Order 13693, the Energy Efficiency Improvement Act of 2015 and the Clean Power Plan – are driving interest.

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